TAS has seen average median house prices change by 8.18% which means that Lenah Valley, 7008 has done well for property investors by showing a capital gain of 14.94% over the last year
Taking the average capital gain, or increase in median house value, Lenah Valley,7008 has racked up an average of 14.94% over the period. This ranks it number 1413th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.05% offered to property buyers. Sellers in Lenah Valley itself are offering an average vendor discount of -6.96% to real estate investors.
In the last year 88 properties changed hands in Lenah Valley, which puts it as the 26th most active market in TAS when comparing the number of sales per suburb.
Advertised rents are around the $392.5 mark per week – giving a return of 4.16% based on the median price in Suburb
Over the last year, property investments in Lenah Valley, 7008 have given investors a capital gain of 6.35%. This compares averagely with the 5.89% for TAS as a whole.
Lenah Valley7008 is located in TAS which offers an average discount of -5.05% to property investors. Lenah Valley itself is showing figures that indicate -4.22% is the average achievable by property buyers investing in the suburb.
The TAS suburb of Lenah Valley, 7008 is in the Hobart local government area.
Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.Full summary
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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.
There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.
It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.